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Get your taxes done using TurboTax
Hi! I am a college student who has received a scholarship that covers my entire tuition and related fees. I filed a 1098-T form and it greatly reduced my return due to the fact that my Box 5 was higher than the Box 1. However, on the IRS website it says that there are exceptions to filing a 1098-T for "Students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships". Therefore, should I remove this document from my taxes/ not file it since I have my tuition and related expenses paid entirely by scholarships? I just want to make sure it is legal for me to not file this form due to my circumstances.
‎February 7, 2022
8:14 PM